Bahrain Telecommunications Company (Batelco) is examining a plan to sell and lease back its mobile network tower infrastructure in Bahrain and Jordan to raise funds for foreign acquisitions. The group has hired Citigroup to assist with a tower sale which could raise between USD200 million and USD300 million, a banking source was quoted by Gulf Daily News as saying. The source added that Batelco had already received expressions of interest from potential bidders
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OVETEL Batelco looks at selling towers to raise over USD200m acquisition capital
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